Philips 2012 Annual Report Download - page 62

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5 Group performance 5.5 - 5.5
62 Annual Report 2012
5.5 Outlook
By executing on our Accelerate! program, we will
continue to relentlessly drive operational excellence and
invest in innovation and sales development to deliver
profitability and growth.
The challenging economic environment in 2012, notably
in Europe and United States, has impacted our order
book, and hence we expect our sales in 2013 to start slow
and pick up in the second half of the year. We will continue
to be prudent in our allocation of capital, and we will
complete our share buy-back program in the course of
2013. We remain confident in our ability to further
improve our operational and financial performance,
enabling us to achieve our Accelerate! mid-term 2013
financial targets.